Starbucks says it has closed more than half of its 4,292 stores in China and delayed releasing a financial forecast "due to the dynamic situation unfolding with the coronavirus." China is the second-largest market for Starbucks, which is the first major American company to warn that it will take a financial hit from the outbreak, reports Reuters. CEO Kevin Johnson told reporters Tuesday that Starbucks China, which has adjusted hours at the stores that are still open, has acted "in a thoughtful and responsible way to protect our partners and support health officials and the government as they work to contain this public health risk."
Other American companies, including KFC and McDonald's, have also closed outlets in China in response to the outbreak, which has now killed more than 130 people, NPR reports. Disney has closed its theme parks in Shanghai and Hong Kong, which had been gearing up for the "Year of the Mouse," reports CNN. Apple CEO Tim Cook said Tuesday that the company is monitoring the situation and has already closed one of its retail stores in China. "Many of the stores that remain open have also reduced operating hours," he said. "We're taking additional precautions and frequently deep-cleaning our stores as well as conducting temperature checks for employees." (Read more coronavirus stories.)